New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1887-03-21

The volume Of exchanges at the NewYork Clearing
House last week fails present figures which compare
avora6ly with the responding week OF last year The
decline is 1913 100000 or gig per cent but the sales OF
shares smaller than of 1856. and the decline
in bond transactions was nearly as gre a. unler tnese
circumstances the clearances arising iron genera s
last week largely III excess OF iho7e i"r te
transactions 100000 greater than last week the
gain in the exchanges is O0,000.OOo
and the stScks sold at the SewYork ock Exchange
the Of three years compare ~ follows:
Week ending 81 $50 March 90 1896 Marel y iss7
10 sasr s sold l5iGiG7 2.loo, 1875 lli',aoo
The local money market has gravilatcd toward ease
Early in the week there spasms that advanced the
rate for call loans temporarily to 607 per cent bat there
was "A day when the loans at the stock EXCHANGE III
not average under per aud in the latter pant OF
Some large time loans were made during tc week DV
financial institutions other than the banks blanks maize
but e time loans upon stock coll atera) at rates which
rot published. but probably NJ per cant Il'i-
o"rtnn 70 date OF maturity Among the domestic
changes Chicago and It Louis The rates are sulcicnt
against New York to continue TO draw money rom this
centre At the South tic rates arc slightly ~ iaNor ol
NewYork At The East they are as usual a TINS seaso'
against New-York There s: remains So'he cx~rla,
ton OF hardening OF rates between now anu
April but the expectation OF any strnSchcy unless II
be one mat Is created ny manipulation ~ on te "he
A have pointed out during the last two weeks the
trade dollars tsl 81 5000 have redeemed New
York; Is proving more thal usually iiorant Factor IN
that the United states Treasury last wock added
SO OG9 507 legal money 10 the general circulation o r
smonn was given to New York, wherever the ds,r.o.
mcut lodged 1t subtraced just much frnn thc demah Is
10 made upon this monetary centre. The orclgh eN-
changes have ruled ana at time sight sterling
was at ~ ssh. Following the extreme ile
cline there was little better demand for rcmiianccs.
and rates stiened that at the close OF the week ey
were ~ s3a 81 S6ii respectively for short AMI ons
sterling. ,,.-,.. -, 49,, ,i,,.,
There is really nothing to add to what has been written
before concerning the general commercial AM mefcn
tile condition beyond simple fact that the movements
In all branches progressive and not cactonaIy lnc
wheat speculation suffered reaction from which there
WAS partial recovery. The exports from 'he Atiahic
ports OF wheat and flour for the week Iomiso 10 pc
nearly 80 per than they were III tue pc'
ing week. three times greater than they were ior tnc
CORES pOndiDg OF 1886. Cotton has rIc nriher
and with advance OF Is cent, but notwihsiu
ing that the exports again lar1e having been or
the week ended Friday 1870 bales against Sill
bales for the preceding week and 62l7O paes Ior Tue
corresponding week of 1886. These TWO Items are
making foreign exchange rapidly that II Is not neces
sary TO look elsewhere for cause In the weakness III
exchange The coal and iron trades present no new
ent business aud contracts, and with prospects
that have bscn seldom equalled The statement when
has been made however, That the coal companies this
year will realize 81 more for their product than In
about 81 ton moro than this time last when they
were sacrificing their coal IN most unsccountabe man
ner hut with an output Of "a 100000 tons the prices In
the latter part OF THIS year probably will be little any
higher than they Say average OF nfy cents
ton Tor this year greater than tho average price OF
win ysd 900 and to suppose that I'll: industries
Of the country dependant upon coal can stana more
that sum g taking very roseats view Of the general
At sSe stock Exchange there were dup and uuntseeit
| msrknfs GoveYnmeuf bonds were quiet and weak N
ste bonds the only feature was tho unusual